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TechFlow reports that Bitcoin mining company Hut 8 Corp. has announced a definitive agreement with Coatue Management, LLC to secure a $150 million strategic investment. The investment will be made through convertible notes with an annual interest rate of 8% and an initial term of five years, aimed at accelerating Hut 8's AI computing capacity growth and enhancing the scalability of its data center portfolio.
Bitcoin mining company Hut 8 Corp. announced a definitive agreement with Coatue Management, LLC to secure a $150 million strategic investment. The investment will be made in the form of convertible notes with an annual interest rate of 8% and an initial term of five years, aimed at accelerating Hut 8's AI computing capacity growth and enhancing the scalability of its data center portfolio.
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